UL Solutions Inc. (NYSE:ULS) Shares Bought by Port Capital LLC

Port Capital LLC increased its position in shares of UL Solutions Inc. (NYSE:ULS - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 537,060 shares of the company's stock after acquiring an additional 16,275 shares during the period. Port Capital LLC owned approximately 0.27% of UL Solutions worth $26,789,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of ULS. Quarry LP bought a new stake in shares of UL Solutions during the 4th quarter worth $32,000. PNC Financial Services Group Inc. raised its holdings in shares of UL Solutions by 653.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 671 shares of the company's stock valued at $33,000 after acquiring an additional 582 shares during the period. Northwest & Ethical Investments L.P. boosted its stake in UL Solutions by 23.5% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 2,100 shares of the company's stock worth $105,000 after purchasing an additional 400 shares during the period. KBC Group NV acquired a new stake in UL Solutions during the 4th quarter valued at $163,000. Finally, Signature Estate & Investment Advisors LLC acquired a new stake in shares of UL Solutions in the fourth quarter worth $201,000.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on UL Solutions from $65.00 to $77.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. The Goldman Sachs Group lifted their target price on shares of UL Solutions from $57.00 to $63.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Raymond James boosted their price target on UL Solutions from $60.00 to $72.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Citigroup reaffirmed a "neutral" rating and issued a $71.00 price target (up previously from $60.50) on shares of UL Solutions in a research report on Wednesday. Finally, UBS Group raised their target price on shares of UL Solutions from $58.00 to $72.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $69.43.

Insiders Place Their Bets

In other news, insider Gitte Schjotz sold 7,000 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $67.44, for a total value of $472,080.00. Following the completion of the transaction, the insider now directly owns 46,889 shares of the company's stock, valued at $3,162,194.16. This represents a 12.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Alberto Uggetti sold 1,938 shares of UL Solutions stock in a transaction on Friday, March 7th. The stock was sold at an average price of $53.00, for a total value of $102,714.00. Following the sale, the executive vice president now owns 9,285 shares in the company, valued at $492,105. This trade represents a 17.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,899 shares of company stock worth $712,064. Corporate insiders own 1.20% of the company's stock.

UL Solutions Trading Down 2.1%

Shares of NYSE ULS opened at $69.66 on Thursday. The firm has a 50 day moving average price of $56.86 and a two-hundred day moving average price of $53.92. The stock has a market cap of $13.94 billion and a P/E ratio of 43.00. UL Solutions Inc. has a 52-week low of $36.52 and a 52-week high of $71.95. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.31 and a current ratio of 1.31.

UL Solutions (NYSE:ULS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.05. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. The company had revenue of $705.00 million for the quarter, compared to analyst estimates of $704.19 million. The firm's quarterly revenue was up 5.2% on a year-over-year basis. As a group, equities analysts forecast that UL Solutions Inc. will post 1.69 EPS for the current year.

UL Solutions Company Profile

UL Solutions Inc provides safety science services worldwide. It operates through three segments: Industrial, Consumer, and Software and Advisory. The Industrial segment provides testing, inspection, and certification services across various end markets, including energy, industrial automation, engineered materials, and built environment, as well as stakeholders, such as manufacturers, building owners, end users, and regulators.

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